# Acadian Timber Corp. (ADN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Paper & Forest Products. Price C$17.20, market value C$323 million.

## Valuation
- **P/E (trailing): 6.6×** (5-yr avg 9.0×, 3-yr avg 8.9×). Acadian Timber Corp. trades at 6.6× trailing earnings, well below its own five-year average of 9.0×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 27.3×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.23**. A PEG of 0.23 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.9×**. Each dollar of revenue is priced at 3.9×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 5.8×**. Enterprise value is 5.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 2.9%** (5-yr avg 5.6%). Free cash flow equals 2.9% of the market value, below its five-year average of 5.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 15.2%**. The inverse of the P/E: 15.2% of the price is earned each year.

## Profitability
- **Gross margin: 28.9%**. Acadian Timber Corp. keeps 28.9% of revenue after the direct cost of what it sells.
- **Operating margin: 14.9%**. 14.9% of revenue is left after running the business.
- **Net margin: 56.3%**. 56.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.6%**. 13.6% on shareholders' equity is solid.
- **Return on invested capital: 1.9%**. Return on all capital, debt included, is 1.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 7.5%**. Each dollar of assets produces 7.5% of profit.

## Growth
- **Revenue growth (1 yr): -25.2%** (3-yr -1.3%/yr, 5-yr -0.9%/yr). Revenue fell 25.2% over the last year, against -0.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 117.7%** (3-yr 8.6%/yr, 5-yr 15.4%/yr). Earnings per share rose 117.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -37.6%/yr**. Free cash flow has compounded at -37.6% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.31**. Debt is 0.31 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.8×**. Operating profit covers interest 2.8×, thin but manageable.
- **Current ratio: 0.87** (quick 0.71). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.70**. A Z-score of 1.70 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 6.74%** (C$1.16 per share, trailing). Acadian Timber Corp. yields 6.74%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 21%** (109% of free cash flow). 21% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 4.2%** (YTD 11.8%, 3-mo 1.0%). The shares are up 4.2% over twelve months including dividends.
- **From 52-week high: -5.4%** (23.0% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.27** (volatility 15%). Beta of 0.27 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ADN.TO · Page: https://foliofundamentals.com/stocks/adn.to

Not investment advice.